USA: Professional Transportation Group Ltd., Inc. Announces Call of Warrants
Professional Transportation Group Ltd., Inc. (Nasdaq: TRUC, TRUCW) today announced that it was sending a notice dated May 8, 2000 to the holders of the warrants issued at the time of the Company's initial public offering, indicating the Company's official intention to redeem the warrants in accordance with their terms. With the mailing of the formal notice of the Company's notice of call, warrant holders may either choose to: (1) exercise their warrants and obtain shares of the Company's common stock by paying to the Company $3.00 per share within 30 days of the date of the notice (no later than 5:00 p.m., Eastern time, on Tuesday, June 6, 2000); or (2) sell their warrants in the open market in accordance with applicable securities laws and regulations within the same 30-day period. If the warrant holder chooses to do nothing, the Company will redeem the warrants in accordance with their terms for $0.125 per warrant.
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